EURHUF Sell the bounce.

The EURHUF pair gave us a strong sell signal last time we made a call on it (October 13 2023, see chart below) as it made the bearish break-out below the Triangle and breached through Support 2:


The price is now approaching the 1D MA200 (orange trend-line), which has been supporting since January 17. The short-term pattern is a Channel Down, a Bearish Leg similar to October - November 2023.

As a result, we are waiting for a potential bounce and sell on the next 1D MA50 (blue trend-line) contact. Our Target will be the bottom (Higher Lows trend-line) of the Triangle at 384.000.

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